This represents earnings per share of 0.14 US cent for the quarter, down from 0.19 US cent a year ago.

Revenue in Q3 rose 52.4 per cent to US$59.8 million, on the back of higher chartering and brokerage revenue which grew with the group's fleet size, as well as new revenue streams from subsidiaries acquired in the last quarter of 2014.

But the increase in revenue was partly offset by the increase in cost of sales, which jumped 72.6 per cent to US$43 million, led by the expanded scale of operations in 2015 following those acquisitions.

Market voices on:

Ling Yong Wah, CEO of Vallianz, said: "The group delivered stable earnings in 3Q-2015 despite the current uncertain climate and weakness of the global oil industry. The ability to sustain our profitability under present market circumstances reflects the resilience of our business model which is primarily built on long term vessel charters to national oil companies."